Items Tagged with 'reverse mortgage lending'

ARTICLES

  • Here are the top 10 reverse mortgage lenders

    And these are the different approaches they’re taking to survive the down market
    The reverse mortgage industry has taken a bit of a beating in the past year following significant program changes from HUD, but HECM lenders are nothing if not resilient. We’ve compiled a list of the top 10 players in the space and a summary of the approach each has taken to stay afloat in the current climate.
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  • Should you use home equity to delay Social Security?

    The CFPB warned against it, but experts say it works
    For some time, reverse mortgage lenders touted a strategy that involves obtaining a HECM early on in retirement in order to delay taking Social Security, therefore maximizing its benefit. But then the CFPB issued a warning against it. Now, retirement researchers and financial advisors say the strategy still has real merit, but suitability depends on a case-by-case basis.
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  • HECM mortgage-backed securities see $1 billion decline

    HMBS float continues to shrink thanks to record payoffs and low origination volume
    The latest data on HECM mortgage-backed securities reveals issuance is down in the third quarter to $1.7 billion – that’s about a billion less than totals from the previous two quarters. In a recent report, New View Advisors says the industry shouldn't expect this to turn around any time soon as low origination volumes challenge the space.
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  • It’s been one year since HUD shook up the reverse mortgage industry

    With 10/2 program changes firmly in the rearview, how did the industry fare, and what’s ahead for players in the space?
    Tuesday marked exactly one year since HUD implemented HECM program changes in a move that took lenders by surprise and drastically impacted the reverse mortgage business. It’s been a rocky year as originators attempted to adjust to the new normal, and it seems no one got out unscathed. Will product innovation help the industry find its footing, or will another round of program changes knock it off its feet?
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  • Reverse Mortgage Funding focuses on growing TPO business

    “We are 100% dedicated to this space and we’re not going anywhere.”
    Founded in 2014, New York-based Reverse Mortgage Funding hasn’t been around as long as the other leading HECM lenders, but that hasn’t stopped it from staking its claim on the top lender list. To retain its foothold, RMF is diving deep into its third-party origination business, funneling sizable resources into providing a holistic service to its brokers and principal agents.
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  • Mastering the art of HECM origination

    Top trainers share tips for finding success in reverse
    Reverse mortgages are not your average loan product. They cater to a specific segment of borrowers and often require a lengthy and consultative sales approach. To decipher what it takes to find success in this field, we’ve polled the industry’s leading trainers for their five best tips on what it takes to be a top-tier HECM LO.
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  • HECM for Purchase gives builders competitive edge

    Helps attract more buyers to 55+ communities
    For many approaching retirement age, there comes a time when it makes sense to sell the family home and downsize. But for some, downsizing is more like “rightsizing,” and the search for a new home becomes a search for a dream home.
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  • Confused about proprietary reverse mortgages? Read this

    If you're wondering how the new products compare, we’ve got you covered
    In the last several months, the reverse mortgage space has seen a handful of new proprietary loans come to market. Now, an industry that once dealt with a single product has a whole menu to choose from. We break down the details so you can see how the new products compare.
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  • Is the future of the reverse mortgage market private?

    Could proprietary products edge out FHA’s HECM?
    There is pretty much one thing everyone is talking about in the reverse mortgage space right now, and it’s the proprietary market. With program changes stifling HECM loan volume, it seems lenders have finally found the push they needed to delve into the realm of private reverse mortgages.
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  • Why reverse mortgages still matter

    Volume is in a slump, but players insist demographics are on their side
    Over the years, reverse mortgages have suffered reputation issues, battled inaccurate news coverage and adjusted (again and again and again) to new regulations. Yet, the industry persists. Talk to any reverse professional and they'll tell you why: It’s the demographics, and the numbers don’t lie.
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